Why 'Made in China 2025' will succeed, despite Trump 

Why 'Made in China 2025' will succeed, despite Trump 

5 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/07/05/why-made-in-china-2025-will-succeed-despite-trump.html

China will succeed in building a powerful technology industry that will rival the United States, even if President Trump starts a trade war to stop it. The reason can be found on the fourth floor of a nondescript factory in a city once famous for cheap manufacturing and prostitution.

This factory floor, in the southern Chinese city of Dongguan, once employed what one employee called a “magnificent sea of people.” Rising labor costs and a new generation with little interest in toiling in factories forced a new tack. Now the sea of people is being replaced by a whirring array of boxy machines, each performing work it used to take 15 people 26 steps to finish.